15 Minute Loans
Are you looking for 15 minute loans? At Lending Stream, we provide quick decisions, and if approved, we send the cash to your bank in under 90 seconds*. New customers can borrow between £50 and £800, and existing customers £100 and £1,500.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream for 15 minute loans?
Trusted
Rated Excellent on Trustpilot with 25,000+ reviews by customers across the UK.
Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
What are 15 minute loans?
15 minute loans are designed to provide quick access to funds when needed.
These loans are usually offered online and decisions are made in minutes. Many of these loans will be unsecured loans – this means you don’t have to risk any assets. You may need to repay in one go (like a payday loan), but many lenders offer flexible repayment options.
With fast decisions, 15 minute loans offer convenience and speed.
How do 15 minute loans work?
15 minute loans are similar to same day loans. Applying for a 15 minute loan is usually done online and is a straightforward process. You’ll get a fast decision. There are a number of regulated direct lenders in the UK who offer quick loans.
Once found, apply online and fill in their application form. The application form will usually involve giving basic personal and financial information. Once submitted, the lender will check your application and see if you are eligible for the loan.
If approved, you’ll receive a credit agreement with the terms and conditions of your loan. If you accept, the money will be transferred to your UK bank account. This will usually be within a few hours or on the same day.
With Lending Stream, it’s simple. If approved, we’ll send the cash to your bank in under 90 seconds*. Our loans give you 6 months to repay and have a daily interest rate (so if you repay early, you’ll save money).
What can I use a 15 minute loan for?
When you find yourself in a tight spot financially, a 15 minute loan can be a real lifesaver. These loans can offer quick access to the funds you need. Here is what you could use this loan for:
Emergency expenses: Unexpected expenses can arise anytime. Whether it’s urgent home repairs or a sudden car breakdown, a 15 minute loan can help cover these expenses.
Unexpected bills: Sometimes, an unexpected bill can mean you have a short-term cash flow issue, a 15 minute loan can help smooth things over.
Home repairs: If you’re planning a small renovation project or need to address an urgent repair, a 15 minute loan can help. From fixing a leaky roof to changing cracked pipes, access to quick cash can help fund the repair.
Vehicle repair: If your vehicle requires repairs that you aren’t prepared for, a 15 minute loan can cover the costs. From fixing a faulty engine to replacing worn-out tires, a quick loan could help keep you on the road.
Remember, while 15 minute loans offer quick access to funds, it’s essential to borrow responsibly. Always check your income and expenses. You should be able to comfortably repay the loan on time.
How to check my eligibility for a 15 minute loan in the UK?
Applying for 15 minute loan with Lending Stream is straightforward, but
we will do some checks. Just fill in our online application form and tell
us:
- Some personal details.
- How much you want to borrow with us.
- Your employment, salary, expenses, and banking details.
Once we receive your application, we will run a credit and affordability check. If approved, the loan will be sent to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
How to Find 15 Minute Loans Direct Lenders in UK
Consider your situation and exactly what you need. Then, compare direct lenders in the UK who lend money within 15 minutes.
Authorised lenders will be regulated by the Financial Conduct Authority (FCA). This means you can complain to the FCA if there are any disputes. Also, check for positive customer reviews (at Lending Stream, we have over 20,000 reviews on Trustpilot and a TrustScore of 4.8!)
When selecting a direct lender, compare interest rates, repayment terms, and eligibility criteria. If there’s anything you’re unsure about, you can contact their customer support.
Once you’ve decided, you can apply online and include any documentation they ask for. If accepted, they’ll send you a loan agreement. Check through it and make sure you understand the terms (do ask questions if you’re unsure).
Whenever you apply for a loan with any direct lender, check your monthly income and expenses. You’ll need to know you can afford the repayments.
What loan amount can I get approved for in 15 minutes?
The amount you can borrow within 15 minutes will depend on the lender. It will also depend on your financial condition and credit history. If you are applying for a loan with Lending Stream for the first time, you can apply for a loan between £50 and £800. If you’ve used us before, you can apply for £100 – £1,500.
Representative 1271%APR
What are the advantages of 15 minute loans?
Quick access to funds: For a lot of people, the most important advantage of 15 minute loans is speed. You won’t be kept waiting for hours or even days. In most cases, 15 minute loans offer quick decisions and quick access to cash.
Improves your credit score: Timely repayment of your 15 minute loan could help improve your credit score. Being a responsible borrower and making repayments on time are positive factors for credit records.
No collateral required: In most cases, you don’t have to provide any assets for 15 minute loans. This means you’re not putting your house, car or other possessions at risk.
Repay in affordable amounts: Repayment terms depend on the lender. With some loans, you can repay on your next payday (just like payday loans). With others, you can repay in monthly instalments. With Lending Stream, we’ll give you 6 months to pay your loan back. This means you’ll pay back in 6 equal monthly instalments. But if you want to repay earlier (and save on interest), you can, we don’t charge for early repayment.
What are the disadvantages of 15 minute loans?
High interest rates: Some 15- minute loans can come with higher interest rates.
Risk of debt cycle: Quick access to funds may lead some people to
borrow more frequently. This can lead to a cycle of repeated borrowing.
Limited loan amounts: If your 15 minute loan is a short term loan it will
probably be fairly small compared to other types of loans. These loans
are not suitable for long-term financial problems.
FAQs – 15 Minute Loans
Can I get approved for a loan with Lending Stream in 15 minutes?
Yes, if you meet our lending criteria then you may be approved. If you are approved for a loan with Lending Stream, then we’ll send the cash to your bank within 90 seconds*.
Is it possible to get a 15 minute loan if I have bad credit?
It depends on the lender. If you are applying for a loan with Lending Stream, we do consider loans for people with bad credit. We believe a poor credit history doesn’t give us a complete view of your current financial situation.
Can I get a payday loan in 15 minutes?
Yes, it is possible to get a payday loan within 15 minutes. Payday loan lenders are known for their quick processing times. If you meet the lender’s criteria and give them the documents they need quickly, you should receive the loan quickly.
Can I get a 15 minute loan with no credit check?
Most FCA-registered companies conduct credit checks as part of their standard procedures, although it is not a mandatory requirement. The decision to perform a credit check typically depends on the nature of the services being provided and the individual company’s policies.
Can I get direct lender loan online in 1 hour?
Yes, you could get direct lender loans online within 1 hour. Many lenders offer fast decisions, but it depends on various factors. The lender’s terms will include the loan payout times.